Florida asked for federal assistance for thousands of homeowners with property damage caused by defective Chinese drywall but the Federal Emergency Management Agency, which typically deals with hurricanes and other natural disasters, has said no. The state says there are …
The National Association of Insurance Commissioners (NAIC) recently named 18 funded and 10 unfunded consumer liaison representatives for 2010. Seven of the funded consumer representatives participated in the program in 2009, while 11 are new to the NAIC program. Established …
Florida Gov. Charlie Crist wants the state insurance regulator to have authority to prevent excessive payments by home-based insurance companies to affiliate managing general agencies and other entities. “I’d like to be able to sign that,” Crist told Insurance Commissioner …
How One Insurance Agency Is Helping Preserve Historic Homes and Businesses While other insurance agents are visiting manufacturing plants, shopping malls and office parks, Brian Phoebus is hanging out in historic homes, renovated museums, art galleries and performing arts theaters. …
21st Century, HomeWise 21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain policies from HomeWise Preferred Insurance Co. Terms of the transaction …
Insurance agents might want to take notes during tonight’s NCAA championship game between Butler and Duke. While NCAA men’s basketball tournament referee and insurance agent Gary Maxwell won’t tell you his personal pick to win (it’s against NCAA rules to …
Florida’s 21st Century Holding Co. announced that its subsidiary Federated National Insurance Co. (FNIC) has received a capital infusion of $10 million. The transaction follows the previously announced notice from Demotech, Inc., a rating agency, requiring that FNIC obtain additional …
The National Highway Traffic Safety Administration (NHTSA) is seeking the maximum civil penalty of $16.375 million against Toyota Motor Corp. for failing to notify the auto safety agency of the dangerous “sticky pedal” defect for at least four months, despite …
Authorities say two people were injured when an explosion leveled a house in South Amboy, New Jersey. Fire Chief Larry Martin Jr. said the victims were taken to Robert Wood Johnson University Hospital in New Brunswick. Their identities and conditions …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Panama City-based ASSA Compania de Seguros, S.A., both with stable outlooks. The ratings reflect ASSA’s “excellent capitalization, favorable operating results and …
